Question

Three methods of computing National Income are:
Options:

• A. Production, Expenditure and Income methods
• B. Balance of Payments, Income and Consumption methods
• C. Saving, Investment and Income methods
• D. Outlay, Depreciation and Production methods

Hint:

The three primary methods to calculate National Income are Production, Expenditure, and Income methods.

Answer 1

The Correct Option is A

National Income can be calculated using three methods: 1. Production Method (Value-added approach) 2. Expenditure Method 3. Income Method (Factor income approach)